Usman Salis
Over the weekend, the crypto market saw strong performance from both Ethereum (ETH) and Shiba Inu (SHIB), which moved upward in tandem—signaling renewed confidence in Ethereum-based assets. This familiar pattern shows that when Ethereum gains momentum, Shiba Inu tends to follow with even stronger moves.
Chart Analysis: ETH Above $4,200, SHIB Holds Bullish Pattern
Trader $SHIB KNIGHT highlighted this trend, noting Ethereum's decisive climb above the $4,200 level, currently trading at $4,249 (up 2.18%). The chart shows clear bullish momentum with strong green candles backed by rising volume. The next key resistance sits around $4,260–$4,300, which could determine whether the rally continues into the next sessions.
Shiba Inu is mirroring Ethereum's movement. The token trades at $0.00001065, up 0.85% daily and 4.62% over the past week, according to Binance data. Its chart displays a consistent pattern of higher highs and higher lows, with crucial support at $0.0000100 and potential resistance near $0.0000108—a level where SHIB previously faced selling pressure.
Both assets show healthy uptrends, with technical indicators pointing to continued bullish sentiment if market liquidity remains stable.
Why SHIB and ETH Move Together
Ethereum-led rallies typically lift other tokens in its ecosystem, and Shiba Inu is among the most responsive. This reflects the symbiotic relationship between Ethereum's price cycles and memecoin enthusiasm—when ETH pumps, SHIB often pumps harder.
Ethereum's recent strength comes from several factors:
- Anticipation of a new all-time high as institutional participation increases
- Growing adoption of Layer-2 solutions like Arbitrum and Base, improving network scalability
- Increased on-chain activity and capital rotation into altcoins, boosting sentiment across Ethereum-based projects
This environment naturally benefits SHIB, the largest memecoin on the Ethereum network, whose trading volume and visibility expand during ETH rallies.
Shiba Inu's Ecosystem Tailwinds
Beyond correlation, SHIB has its own fundamental drivers. Ongoing token burns, expanding utility within the Shibarium Layer-2 network, and renewed social media attention have all contributed to sustained buying interest. As Ethereum's value grows, it draws liquidity and attention to projects built on its blockchain—and SHIB's community-driven energy makes it a primary beneficiary.
Usman Salis
